Community Health Systems Inc. (NYSE: CYH) said Tuesday that its third quarter profit rose 28 percent due to its purchase of Triad Hospitals Inc in July. The purchase made Community Health Systems the largest U.S. investor-owned hospital chain with more than 130 hospitals in 28 states ("Largest Public Hospital Company in U.S. Created in $5.1 billion Deal," 3/20).
The Franklin, Tenn.-based company reported net income for the quarter ended Sept. 30, 2007 of $10.5 million or 11 cents per share on nearly $2.4 billion in revenues, a 110 percent increase. That compares to $8.2 million or 9 cents per share in the year-ago period on $1.1 billion in revenues.
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